EOG Resources's most recent trend suggests a bearish bias. One trading opportunity on EOG Resources is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 17.37% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock rose above the $75.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for EOG Resources is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for EOG Resources is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for EOG Resources
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Sat, 12 Oct 2019 14:04:22 +0000
EOG Resources, Inc. (NYSE:EOG) is a company with exceptional fundamental characteristics. Upon building up an…
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Wed, 09 Oct 2019 23:35:07 +0000
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EOG Resources Falls 14% in First 9 Months of 2019: Here's Why
Tue, 08 Oct 2019 12:37:12 +0000
The prolonged weakness in crude pricing scenario has been among the major factors marring EOG Resources' (EOG) prospects.
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